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Public Finance Versus Private Finance

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Author Info

  • AUREL IOAN GIURGIU

    ()
    (Faculty of Business, Babes-Bolyai University, Cluj-Napoca, Romania)

  • FLORIN SEBASTIAN DUMA

    ()
    (Faculty of European Studies, Babes-Bolyai University, Cluj-Napoca, Romania)

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    Abstract

    The generic term of finance comprises a multitude of practical forms, apparently different not only from the targeted purpose, but also by the way of creating and using of the funds. However, finance is divided in two main forms: public finance and private finance. The public finance is trying to satisfy the common needs of the entire community which is administered by the constituted authority, while the private finance refers to the needs of a much more restrained community constituted through the voluntary association in lucrative purposes. In this paper we tried show the differences between the public and the private finance, their role and mechanism and which is the interdependency between them.

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    File URL: http://tbs.ubbcluj.ro/RePEc/bbn/journl/Negotia_2_2010.pdf
    File Function: Revised version, 2010
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    Bibliographic Info

    Article provided by Babes-Bolyai University, Faculty of Business in its journal JOURNAL STUDIA UNIVERSITATIS BABES-BOLYAI NEGOTIA.

    Volume (Year): (2010)
    Issue (Month): ()
    Pages:

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    Handle: RePEc:bbn:journl:2010_2_3_giurgiu

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    Related research

    Keywords: finance; public finance; policy; public revenues; public spending; financial policy;

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